- posted on 09/02/2012 09:21:32This entry was posted on Monday, July 28th, 2008 at 9:11 pm and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Fiscal year 2009 will start with a federal budget deficit of $482 billion. Experts believe the shortages will grow beyond that figure. White House officials blame recent stimulus checks for the larger than usual budget debt. Bush administrations officials contend it was more important to help the soft economy than to knock down the deficit. Funding for The War on Terror is also factored into the budget deficit. An economic analyst from The Joint Center for Political and Economic Studies finds the projected deficit will create a spike in inflation. The analyst went on to say minority communities would be hit the hardest as they have not gotten over the 2001 recession.
Where do you draw the line to accommodate a worsening economy? Or are you already doing so?